Become part of the movement for unbiased, accessible election information. Donate today.

Louisiana state budget (2010-2011)

From Ballotpedia
Jump to: navigation, search
Note: This article was last updated in 2011. Click here for more recent information on state budgets and finances.

Louisiana faced a budget deficit of $1.6 billion, approximately 20% of the current year's budget, according to the Joint Legislative Committee on the Budget estimate in August 2010.[1] The state's $26 billion FY2011 state budget for the fiscal year starting July 1, 2010, was passed by the Louisiana legislature on the last day of the legislative session.[2][3]

Going into the fiscal year Louisiana had a total state debt of $36,512,950,038 when calculated by adding the total of outstanding debt, pension and OPEB UAAL’s, unemployment trust funds and the 2010 budget gap as of July 2010.[4]

2011 State spending & deficit in billions[5]
Total spending Pension Healthcare Education Welfare Protection Transport Debt Budget gap
$24.6 $3.3 $5.4 $4.9 $4.0 $1.5 $3.5 $19.8 $2.4
2011 Local spending & deficit in billions[5]
Total spending Pension Healthcare Education Welfare Protection Transport Debt
$17.3 $0.2 $2.5 $7.9 $0.5 $3.3 $1.7 $17.5

Fiscal Year 2011 State Budget

The state's FY2011 budget totaled $25.5 billion.[6] The budget can be found online, along with the FY2011 CAFR.[7][8]

The state's FY2011 state budget for the fiscal year starting July 1, 2010, was passed by the Louisiana legislature on the last day of the legislative session.[2][9]The House voted 66-34 to approve House Bill 1, the budget bill, on June 20, 2010, and sent it to the governor.[10][11]

Fiscal Year 2010 State Budget

Approaching the end of the fiscal year, the state faced a $319 million deficit in its FY2010 budget.[12]

The State Senate voted unanimously in favor of Senate Concurrent Resolution 42, authorizing the use $198 million from the state's rainy-day fund to address a mid-year budget deficit.[13] Senate President Joel Chaisson II authored the resolution.[14] The Resolution allowed removing $172 million from the rainy-day fund.[14][15]The House agreed to taking $86 million from the fund, leaving $198 million in the fund that may be used before July 1, 2010.[13]

Budget background

See also: Louisiana state budget and finances

The Louisiana state budget was prepared every year by October 1st and included a detailed financial plan for the fiscal year. Prior to the adoption of the budget, a series of public hearings were held in both the House of Appropriations Committee and the Senate Finance Committee. A majority vote was required to pass the state budget. The Louisiana fiscal year begins in July.[16]

Pursuant to law (Louisiana Revised Statute 39:56), the Division of Administration, Office of Planning and Budget prepares the official state budget.[17]

Budget figures

2-Year State Budget Comparison[18]

' FY 2009 Budgeted FY 2010 Appropriated Percent Change
General Fund $9,474.7 $9,011.2 -4.89%
State Total $14,667.1 $14,188.8 -3.26%
Federal $14,944.0 $14,798.0 -0.98%
Grand Total $29,611.1 $28,986.8 -2.11%

Accounting principles

The state auditing authority was the Office of the Legislative Auditor, created in 1973. The legislature also created a legislative oversight committee for the auditor. The Legislative Audit Advisory Council serves as an audit resolution council and provides general oversight for operations of the legislative auditor. Steve J. Theriot had been Legislative Auditor since 2004. Louisiana's audit reports were published online.[19][20][21]

Footnotes

  1. ↑ [1]
  2. ↑ 2.0 2.1 The Times Picayune "State budget thrown into disarray by latest revenue figures" June 11, 2010
  3. ↑ The Times Picayune "Legislature sends budget bills to Gov. Bobby Jindal" June 21, 2010
  4. ↑ State Budget Solutions “States Hide Trillions in Debt” July 22, 2010
  5. ↑ 5.0 5.1 USA Spending, State Guesstimated* Government Spending
  6. ↑ Businessweek "Jindal administration readies for La. midyear cuts" Oct. 5, 2010
  7. ↑ FY2011 State Budget
  8. ↑ FY2011 CAFR
  9. ↑ The Times Picayune "Legislature sends budget bills to Gov. Bobby Jindal" June 21, 2010
  10. ↑ The Times Picayune "Legislature sends budget bills to Gov. Bobby Jindal" June 21, 2010
  11. ↑ House Bill 1
  12. ↑ The Times Picayune "State must cut $319 million from budgeted spending for the next 10 weeks" April 14, 2010
  13. ↑ 13.0 13.1 The Times Picayune "State Senate votes to use state rainy-day fund to patch budget deficit" May 12, 2010
  14. ↑ 14.0 14.1 "Mid-year state budget deficit strategy employing rainy-day fund passes Senate committee" April 21, 2010
  15. ↑ Senate Concurrent Resolution 42
  16. ↑ The State of Louisiana, "State Budget Document," accessed February 17,2009 (dead link)
  17. ↑ Louisiana Office of Planning and Budget, "State Budget Fiscal Year 2009-2010," October 1, 2009
  18. ↑ Louisiana Office of Planning and Budget, "State Budget Fiscal Year 2009-2010," October 1, 2009
  19. ↑ Louisiana Legislative Auditor Web site, accessed October 23, 2009
  20. ↑ The Legislative Audit Advisory Council
  21. ↑ audit reports
Flag of Louisiana
v • e
State of Louisiana
Baton Rouge (capital)
Elections

What's on my ballot? | Elections in 2025 | How to vote | How to run for office | Ballot measures

Government

Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy

Retrieved from "https://ballotpedia.org/wiki/index.php?title=Louisiana_state_budget_(2010-2011)&oldid=9151706"